Key insight: The guidance makes explicit that fraud qualifies for the 314(b) safe harbor, and that a bank need not first identify laundered fraud proceeds to be covered. Expert quote: Daniel Stipano, a former longtime OCC official now at Davis Polk, cautioned that the statute’s safe harbor covers money laundering, not fraud, and that “the […]
Banks can share fraud data in real time, Fincen says Read More »
Investor real estate purchases declined by over 20% in the first quarter, both from three months and one year prior, but still made up nearly one-third of all home sales during the period, the latest BatchData Investor Pulse Report found. Processing Content The drop comes as the U.S. government was working to, and looks like
Investor home purchase activity falls by over 20% in 1Q Read More »
Bed Bath & Beyond, the brand once known almost exclusively as the purveyor of housewares, fortified its diversification strategy into real estate and home finance with an agreement to acquire Fathom Holdings. Processing Content The Tennessee-based company will acquire the technology-backed real estate platform in an all-stock deal, adding services including residential brokering, mortgage, title
Bed Bath & Beyond goes deeper into mortgage with Fathom deal Read More »